• EUR/GBP to enjoy a deeper recovery towards the 0.87 area – Credit Suisse

Market news

27 August 2021

EUR/GBP to enjoy a deeper recovery towards the 0.87 area – Credit Suisse

FXStreet reports that economists at Credit Suisse discuss EUR/GBP prospects.

“Resistance is seen at 0.8595 initially, above which should neutralize the recent ‘outside day’ for strength to 0.8671 and then the top of the range, seen starting at 0.8700/03, also the location of the falling long-term 200-day average. We would look for a fresh top here.” 

“A close above 0.8703 would be the first sign we may be seeing a more important turn higher. Support is seen at 0.8562 initially.”

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